Pyth Network (PYTH) — what it is, how it works, its strengths, challenges, tokenomics, and so on. If you want I can also compare it with other oracle networks or dive deeper into some parts.
What is Pyth Network
Pyth is a blockchain oracle network that delivers real-world, high-fidelity, low-latency market data (e.g. prices of cryptocurrencies, equities, FX pairs, commodities) to smart contracts (DeFi, etc.).
CoinGecko
It began in/around 2021, initially built on Solana but now supports cross-chain data feeds to many blockchains.
Bitstamp
Data is contributed by institutional sources — trading firms, exchanges, market makers — which helps with credibility and reduces reliance on “unknown” nodes or aggregators.
